Courtesy of Read the Ticker.
Let’s review the Dow Jones Industrial with Gann Angles.
We have jump to the long Gann Angle sourced from the 2007 highs, this is major resistance. A charge to 19,000 is required to bust this line. However this blog suspects more of the same consolidation along the angle. If there sellers are in charge then this is were they start to unload.
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Investing Quote…
..“It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.”…
Jesse Livermore
..”Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected”..
George Soros
..”Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”..
George Soros
…..“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
Martin Zweig
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”…
Bernard Baruch
